The vast majority of consumers (88%) are missing common warning signs of a pensions scam including a growing trend by scammers to offer bogus “free financial advice”, the Citizens Advice Bureau has warned.

Only one in 50 (2 %) people would pay over £1,000 for advice on a defined contribution pension pot worth £61,000, research from Citizens Advice has found.

Citizens Advice Bureau has appointed James Plunkett as its new director of policy and advocacy in a role that will give him responsibility for CAB policy on debt and Financial Planning and other key areas. Read more...

Checking up on the bodies that will provide the new Pension Wise service will cost the FCA nearly £400,000 every year and an initial outlay of nearly £600,000. Read more...